New Delhi, Jan 31 (PTI) Health-tech firm Medlife Thursday said it has acquired Mumbai-based digital healthcare platform and diagnostics company MedLabz for an undisclosed amount.Also Read - Mumbai: Mega Traffic Block To Affect Local Train Service Today; Check List of Rescheduled, Cancelled and Regulated Trains Here
This acquisition will help the company consolidate its diagnostics business, Medlife said in a statement. Also Read - Manali To Kasol: Top 5 Adventurous Places To Go With Your Buddies - Watch List
The company has also launched its central laboratory in Bengaluru, it added. Also Read - Gurugram Consumer Court Slaps ₹ 4 Lakh Fine on DLF City's The Magnolias Housing Society Over Dog Bite Incident
Medlife founder and Chief Executive Officer Tushar Kumar said: “The acquisition has come at an opportune time for both the companies. While MedLabz was looking to scale up business, we wanted to strengthen our diagnostic capabilities through a viable acquisition.” The company, however, did not provide any financial details of the acquisition.
Medlife, which is a leading player in the online pharmacy segment, recently announced plans to expand presence in the retail pharmacy segment.
This is published unedited from the PTI feed.